PARIS, March 27 France's constitutional court
knocked down a law on Thursday that aimed to penalise healthy
companies that shut down plants, ruling that penalties went
against property rights and the freedom to do business.
The law would have required firms with more than 1,000
employees to prove they had exhausted all options for selling a
factory before closing it down, with stiff fines for companies
that failed to do enough to find a buyer.
Penalties for failing to sell a business asset were
"contrary to the freedom of enterprise and property rights," the
Constitutional Court said in a statement.
(Reporting By Emile Picy; Writing by Nicholas Vinocur; editing
by John Irish)